Hold onto your hats, folks! Trump Media and Technology Group (TMTG), the proud owner of the Truth Social platform (and yes, partially owned by the man himself, Donald Trump), just got a shiny stamp of approval from the US Securities and Exchange Commission (SEC) for its registration statement linked to a whopping $2.3 billion Bitcoin treasury deal! 💸💥
In a thrilling June 13 SEC filing, the agency declared TMTG’s S-3 registration statement effective—filed just a week earlier on June 6. What’s an S-3, you ask? It’s the fancy form US companies use to register the sale of securities, like stocks, options, and other financial wizardry. TMTG even filed a final prospectus on the same day. Talk about efficiency! 🏃♂️💨
Trump Media’s CEO: “We’re Expanding Like a Balloon at a Birthday Party!” 🎈
The SEC filing revealed that as part of its Bitcoin treasury plan, TMTG registered the resale of about 56 million shares and an additional 29 million tied to convertible notes. That’s right, folks, they’re raking in $2.3 billion from around 50 investors! Who knew Bitcoin could be so lucrative? 💰😲
Now, while the registration statement includes a universal shelf for “greater flexibility” in future growth plans, TMTG currently has “no immediate plans” to issue any securities. So, it’s like having a buffet but not being hungry! 🍽️🤷♂️
Devin Nunes, the CEO and President of Trump Media, declared, “We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities.” And he added:
“By simultaneously enhancing and growing our social media platform, TV streaming platform, and our fintech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”
But wait, there’s more! On the same day, TMTG’s stock price took a little tumble, falling 2.06% to close at $19.52. Oops! 📉😬
This news comes just weeks after the company confirmed a $2.5 billion capital raise to buy Bitcoin on May 27, after initially denying the reports. Classic! 😅
At that time, Nunes proclaimed that TMTG sees “Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.” Sounds like a plan! 💪💵
TMTG’s Latest Adventure: Launching a Spot Bitcoin ETF! 🚀
Blockchain analysis company Arkham tweeted on May 28, “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?” Now that’s a plot twist! 🌀
Meanwhile, on June 5, TMTG filed with the SEC to launch a Bitcoin exchange-traded fund (ETF). Because why not? More Bitcoin, more fun! 🎉
“The assets of the Trust consist primarily of Bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of Bitcoin,” TMTG said in a June 5 filing. Sounds like a rollercoaster ride for investors! 🎢💸
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2025-06-14 07:14